From the Chartroom: The Cost of China’s Intellectual-Property Theft

Imagine if pirates were sailing up and down America’s coasts, plundering treasure worth between 0.9 percent and 2.6 percent of U.S. GDP every year.

NRPLUS MEMBER ARTICLE A mid the partisan rancor of today’s politics, any new consensus is notable. And if any new bipartisan consensus has recently emerged, it may be this: The existing terms of the economic relationship between the U.S. and China fail to serve America’s interests.

Debate continues to swirl around the efficacy of specific policies, such as tariffs, as solutions to these problems. But even President Trump’s political opponents now acknowledge that there are, indeed, problems in need of solutions when it comes to U.S.–China economic relations.

And among the major irritants, for the U.S., the Chinese theft of American intellectual property (IP) is high on

Joseph W. Sullivan served at the White House Council of Economic Advisers as the special adviser to the chairman, as well as a staff economist, from 2017 to 2019.

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